Quilter (LON:QLT) Shares Up 3.5% – What’s Next?

Quilter plc (LON:QLT)’s stock price rose 3.5% during mid-day trading on Wednesday . The company traded as high as GBX 146.10 ($1.85) and last traded at GBX 146.10 ($1.85). Approximately 1,149,948 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 2,361,823 shares. The stock had previously closed at GBX 141.20 ($1.79).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on QLT shares. Berenberg Bank increased their price target on Quilter from GBX 105 ($1.33) to GBX 135 ($1.71) and gave the company a “hold” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Quilter in a report on Tuesday, September 3rd.

Quilter Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The firm has a market capitalization of £2.03 billion, a price-to-earnings ratio of 3,652.50, a P/E/G ratio of 2.50 and a beta of 1.05. The company’s 50 day moving average is GBX 140.34 and its 200-day moving average is GBX 131.08.

Quilter Company Profile

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.